# Borrow SAND: rates on every exchange

Annualised margin borrow rates for SAND at VIP 0, and whether borrowing it to collect negative funding pays after every cost.

Updated 2026-11-11 23:19 UTC · https://afterfees.xyz/borrow/SAND

## SAND borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bitget](https://afterfees.xyz/venues/bitget) | 5.73% | 6.41% | 6.74% | 6.41% | $85.8K | $24.4K | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 10.78% | 11.53% | 11.76% | 11.53% | $5.7K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 12.93% | 13.75% | 14.11% | 13.75% | $22.9K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 14.73% | 15.77% | 17.11% | 15.77% * | $30K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 21.10% | 23.32% | 25.16% | 23.32% | $11.6K | not published | Borrowable |

_Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred)._

## Reverse carry on SAND: borrow and sell spot, long the perp

No reverse SAND carry nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## SAND perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [OKX](https://afterfees.xyz/venues/okx) | SAND-USDT-SWAP | -0.0044% | 4 h | −9.7% |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | SANDUSDT | -0.0085% | 8 h | −9.3% |
| [Bitget](https://afterfees.xyz/venues/bitget) | SANDUSDT | -0.0083% | 8 h | −9.1% |
| [LBank](https://afterfees.xyz/venues/lbank) | SANDUSDT | -0.0075% | 8 h | −8.2% |
| [Binance](https://afterfees.xyz/venues/binance) | SANDUSDT | -0.0075% | 8 h | −8.2% |
| [MEXC](https://afterfees.xyz/venues/mexc) | SAND_USDT | -0.0074% | 8 h | −8.1% |
| [Extended](https://afterfees.xyz/venues/extended) | SAND-USD | -0.0009% | 1 h | −7.9% |
| [BloFin](https://afterfees.xyz/venues/blofin) | SAND-USDT | -0.0059% | 8 h | −6.5% |

## Coins

|   |   |
|---|---|
| Funding rates and every arbitrage on this coin | [SAND](https://afterfees.xyz/coin/SAND) |

## Questions

**Where is it cheapest to borrow SAND?**

Bitget, at 6.41% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend SAND.

**Can I earn negative funding on SAND by borrowing it?**

Not right now: no reverse SAND carry covers its borrow interest, fees and slippage at $10,000 for 7 days.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._